Super Micro Computer (NASDAQ:SMCI) Trading Down 2.2% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price fell 2.2% on Monday . The company traded as low as $44.14 and last traded at $45.13. 21,955,598 shares were traded during trading, a decline of 70% from the average session volume of 72,509,644 shares. The stock had previously closed at $46.15.

Analyst Ratings Changes

A number of brokerages recently weighed in on SMCI. KGI Securities started coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They set a “neutral” rating on the stock. Raymond James began coverage on shares of Super Micro Computer in a research report on Tuesday, May 13th. They set an “outperform” rating and a $41.00 price objective on the stock. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Rosenblatt Securities decreased their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.63.

Super Micro Computer Price Performance

The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $35.80 and its two-hundred day simple moving average is $35.28. The company has a market capitalization of $25.94 billion, a price-to-earnings ratio of 21.47 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. Equities research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. The trade was a 78.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

A number of large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in Super Micro Computer by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company’s stock valued at $854,000 after buying an additional 302 shares during the period. Fairscale Capital LLC grew its stake in Super Micro Computer by 13.3% in the first quarter. Fairscale Capital LLC now owns 2,698 shares of the company’s stock valued at $92,000 after purchasing an additional 317 shares in the last quarter. Wahed Invest LLC grew its stake in Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock valued at $377,000 after purchasing an additional 352 shares in the last quarter. Horizon Investments LLC boosted its stake in shares of Super Micro Computer by 5.2% during the 1st quarter. Horizon Investments LLC now owns 7,234 shares of the company’s stock worth $248,000 after acquiring an additional 355 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Super Micro Computer by 32.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,590 shares of the company’s stock worth $54,000 after acquiring an additional 394 shares during the period. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.